Trend analysis (Fig. 1).
The market may move upward from the level of 1.2344 (closing of Friday's daily candle) with the target of 1.2394, the 23.6% pullback level (red dotted line). Upon reaching this level, the price may continue to rise with the target of 1.2448, the 38.2% pullback level (red dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis - up;Fibonacci levels - up;Volumes - up;Candlestick analysis - up;Trend analysis - down;Bollinger bands - down;Weekly chart - up.General conclusion:
Today, the price may move upward from the level of 1.2344 (closing of Friday's daily candle) with the target of 1.2394, the 23.6% pullback level (red dotted line). Upon reaching this level, the price may continue to rise with the target of 1.2448, the 38.2% pullback level (red dotted line).
Alternatively, the price may move upward from the level of 1.2344 (closing of Friday's daily candle) with the target of 1.2394, the 23.6% pullback level (red dotted line). When this level is reached, the price may move downward with the target of 1.2361, the 14.6% pullback level (red dotted line).